The prime objectives in the development of Next Generation Wireless Communication systems are to increase the link throughput and network capacity. These demands translate into designing systems that have improved spectral efficiency, efficient bandwidth utilization, computationally economical signal processing algorithms and high speed processing hardware. The available frequency spectrum is limited and a very scarce resource. Hence, efficient channel utilization techniques are required to exploit the channel conditions more proficiently. MIMO technology has become popular in wireless communication systems to achieve enhanced spectral efficiency in rich scattering environments. Test-beds are requisite to validate the results of theory and simulations. The focal benefit of a test-bed is the leeway to study and compare different synchronization, channel estimation and detection algorithms in realistic environments. One of the aspirations of this research work is to achieve real-time video transmission over Next Generation Wireless Systems employing MIMO transmission which enables enhanced data rates utilizing the same frequency band.